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Bahama Bob's Rumstyles

Tuesday, February 21, 2017

I can't believe this hasn't happened before. Jimmy has been near "retirement" age for a number of years now. What a great idea, if it is pulled off properly this could compete with places like the Villages for people of retirement age and ready to live the laid back and "keywasted" lifestyle.

Jimmy Buffett

Jimmy Buffett fans in search of a real-life
"Margaritaville" will soon be able to find it, just not in Key West. It will be right here in Daytona Beach. Canadian developer Minto Communities
announced that Buffett's Margaritaville Holdings company has agreed to become a
strategic partner in developing its planned 6,900-home community for residents
55-and-older on the north side of LPGA Boulevard, just west of Interstate 95.

The first homes are expected to be ready for move in
by fall 2018, said William Bullock, a senior vice president with Minto. The new deal is a "game changer for this
area," said John Albright, the CEO of Daytona Beach-based
Consolidated-Tomoka Land Co., which recently sold the land where the first
phase of the Latitude Margaritaville, Daytona Beach is planned. "It will
make the Minto development something that people identify with
nationally."

Town Center "Park"

The community, which originally was to be named
Oasis Daytona, will now be called Latitude Margaritaville, Daytona Beach, and
will be designed to reflect the lifestyle espoused in Buffett's songs
throughout the development. "Featuring
world-class amenities and design, Latitude Margaritaville, Daytona Beach, will
reflect Margaritaville's authentic 'no worries' tropical vibe, offering an
immersive brand experience," according to a news release issued by Minto.

"With Minto's expertise in creating
master-planned developments and Margaritaville's inherent ability to deliver
fun and escapism, Latitude Margaritaville has the exact coordinates for those
looking to live the Margaritaville lifestyle as they grow older, but not
up," stated John Cohlan, the CEO of Palm Beach-based Margaritaville
Holdings, in the news release.

Community Center

Buffett and Cohlan are the majority owners of
Margaritaville Holdings, whose operations include destination resorts/hotels
across the Southeastern United States and Caribbean, four gaming locations, and
more than 60 food-and-beverage locations.
"Daytona will be the first of several communities we'll be
developing in partnership with Margaritaville Holdings," said William
Bullock, a senior vice president with Minto, in a phone interview.

"Music, food and beverages will be a big part
of the community," Bullock said, adding that the community's town center
will include a music bandshell and "Margaritaville-inspired food and
beverage offerings" among its amenities, which also will include a fitness
center, indoor lap pool and spa, and an outdoor resort-style pool. "We're
definitely going to do some live broadcasts from there (Latitude
Margaritaville, Daytona Beach) on their SiriusXM Channel," he added,
although he did not know who those performers might be. Bullock said he was told by Margaritaville
Holdings officials, "You never know when or where Jimmy Buffett may show
up to do a concert."

The community will also operate for its residents a
private oceanfront beach club in Ormond-by-the-Sea that will be accessed via a
loop shuttle bus. Latitude
Margaritaville, Daytona Beach is expected to be the biggest master-planned
community ever built in the Volusia-Flagler area. Bullock said while his company is initially
looking to develop between 6,000 and 7,000 homes, "there's still an
opportunity grow the community" even further by acquiring additional
adjacent land from Consolidated-Tomoka, which recently completed its sale of
nearly 1,600 acres to Minto for $27.2 million. That land, on the south half of
the planned community, is where Minto will be developing the project's first
phase of up to 3,400 homes, as well as a neighborhood retail center along the
north side of LPGA Boulevard, just west of the Tomoka River.

Margaritaville Holdings is currently in talks about
the possibility of becoming involved in the neighborhood retail center, Bullock
said. The 200,000-square-foot retail center is expected to include a grocery
store as well as restaurants and shops and would be next to the south entrance
of the gated "golf cart-friendly" community, he said.